Addus HomeCare (NASDAQ:ADUS) Trading Down 3.9% – Here’s Why

Shares of Addus HomeCare Co. (NASDAQ:ADUS) were down 3.9% during trading on Thursday . The stock traded as low as $128.86 and last traded at $127.51. Approximately 16,937 shares were traded during trading, a decline of 87% from the average daily volume of 127,660 shares. The stock had previously closed at $132.66.

Analyst Ratings Changes

Several equities research analysts have weighed in on ADUS shares. StockNews.com downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. KeyCorp began coverage on Addus HomeCare in a research note on Friday, October 11th. They set an “overweight” rating and a $150.00 price target on the stock. Macquarie reissued an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research note on Monday, November 4th. Royal Bank of Canada restated an “outperform” rating and issued a $136.00 target price on shares of Addus HomeCare in a report on Thursday, November 14th. Finally, JMP Securities started coverage on shares of Addus HomeCare in a research report on Monday, December 16th. They issued an “outperform” rating and a $150.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.67.

Addus HomeCare Trading Down 4.6 %

The stock has a market capitalization of $2.29 billion, a PE ratio of 28.91, a PEG ratio of 1.77 and a beta of 1.00. The business has a fifty day moving average price of $125.78 and a 200-day moving average price of $126.88.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that Addus HomeCare Co. will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Addus HomeCare

In related news, EVP Roberton James Stevenson sold 2,250 shares of Addus HomeCare stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.00, for a total transaction of $272,250.00. Following the sale, the executive vice president now owns 10,217 shares of the company’s stock, valued at approximately $1,236,257. This trade represents a 18.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R Dirk Allison sold 25,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the transaction, the chief executive officer now owns 79,397 shares of the company’s stock, valued at approximately $9,905,569.72. This represents a 23.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,750 shares of company stock valued at $4,930,750. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Addus HomeCare during the third quarter worth $28,000. Farther Finance Advisors LLC boosted its position in shares of Addus HomeCare by 9,150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 370 shares of the company’s stock worth $49,000 after purchasing an additional 366 shares in the last quarter. Sandia Investment Management LP acquired a new position in shares of Addus HomeCare during the second quarter valued at about $58,000. KBC Group NV lifted its stake in shares of Addus HomeCare by 49.1% during the fourth quarter. KBC Group NV now owns 814 shares of the company’s stock worth $102,000 after buying an additional 268 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Addus HomeCare by 25.7% in the 3rd quarter. GAMMA Investing LLC now owns 935 shares of the company’s stock valued at $124,000 after acquiring an additional 191 shares during the period. Institutional investors own 95.35% of the company’s stock.

About Addus HomeCare

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.